New Delhi: The Supreme Court on Friday directed Mahindra Satyam to submit its report before the Central Board of Direct Taxes (CBDT) relating to its tax dispute within two weeks, and also asked it to furnish a bank guarantee of Rs 617 crore by April 25.

The court also said the CBDT while passing its order would give proper reasons for it.

The Supreme Court also said the accounts of the company will be defreezed subject to payment of a bank guarantee of Rs 617 crore before its registry by April 25.

The apex body also made it clear that "the Chairman of Mahindra Satyam would file an undertaking within 48 hours before the registry of the Supreme Court that the company would file the bank guarantee by April 25".

Mahindra Satyam also informed the Supreme Court that it will withdraw the petition filed against Tax Department in the Andhra Pradesh high court challenging its direction to pay tax.

The Supreme Court also made it clear that if Mahindra Satyam is not satisfied with the order which would be passed by CBDT, it can challenge it before the apex court.

(Agencies)